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FTX raises $400m in Series C funding

Bahamas based crypto exchange raised $400m in Series C funding from investors including Temasak, Paradigm, the Ontario Teachers’ Pension Plan Board and NEA.

“I think we’re not entering a long term crypto winter,” Sam Bankman-Fried, FTX’s CEO and co-founder, told CNBC in an interview. “There have been changes in expectations of interest rates, and that’s been moving crypto markets. But it’s been moving markets more generally as well.”

Tags

crypto, capital markets